Registered number
05302520
Argyle Court RTE Company Ltd
Filleted Accounts
30 September 2023
Argyle Court RTE Company Ltd
Registered number: 05302520
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 58,513 58,513
Current assets
Debtors 4 19,310 13,554
Cash at bank and in hand 97,671 93,974
116,981 107,528
Creditors: amounts falling due within one year 5 (18,491) (24,962)
Net current assets 98,490 82,566
Net assets 157,003 141,079
Capital and reserves
Called up share capital 41 41
Share premium 89,719 89,719
Reserve fund for major works 6 38,326 32,041
Income and expenditure account 28,917 19,278
Participators' funds 157,003 141,079
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies.
M W J Linney
Director
Approved by the board on 21/03/2024
Argyle Court RTE Company Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents Maintenance Charges Receivable in respect of communal expenditure in the ordinary course of business, ground rent and lease extension fees. Value Added Tax is not charged thereon.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to buildings 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2022 89,763
At 30 September 2023 89,763
Depreciation
At 1 October 2022 31,250
At 30 September 2023 31,250
Net book value
At 30 September 2023 58,513
At 30 September 2022 58,513
4 Debtors 2023 2022
£ £
Maintenance charges in arrears 11,361 6,587
Other debtors 7,949 6,967
19,310 13,554
5 Creditors: amounts falling due within one year 2023 2022
£ £
Maintenance charges in advance 2,305 9,837
Corporation tax 2,055 1,746
Other creditors 14,131 13,379
18,491 24,962
6 Reserve fund for major works 2023 2022
£ £
At 1 October 2022 32,041 31,446
Transfer from income and expenditure account 6,285 7,285
Funds utilised - (6,690)
At 30 September 2023 38,326 32,041
Funds were utilised during the prior year for EICR remedial works (£2,940) and tree works (£3,750).
7 Controlling party
The directors do not consider there to be an ultimate controlling party.
8 Other information
Argyle Court RTE Company Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16, Manor Courtyard
Hughenden Avenue
High Wycombe
HP13 5RE
Argyle Court RTE Company Ltd 05302520 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 M W J Linney No description of principal activity 05302520 2021-10-01 2022-09-30 05302520 core:RevaluationReserve core:LandBuildings 2021-10-01 2022-09-30 05302520 core:RevaluationReserve 2021-10-01 2022-09-30 05302520 core:WithinOneYear 2022-09-30 05302520 core:ShareCapital 2022-09-30 05302520 core:SharePremium 2022-09-30 05302520 core:OtherReservesSubtotal 2022-09-30 05302520 core:RetainedEarningsAccumulatedLosses 2022-09-30 05302520 core:RevaluationReserve 2021-09-30 05302520 2022-10-01 2023-09-30 05302520 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05302520 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05302520 bus:Director40 2022-10-01 2023-09-30 05302520 1 2022-10-01 2023-09-30 05302520 2 2022-10-01 2023-09-30 05302520 core:RevaluationReserve core:LandBuildings 2022-10-01 2023-09-30 05302520 core:RevaluationReserve 2022-10-01 2023-09-30 05302520 countries:England 2022-10-01 2023-09-30 05302520 bus:FRS102 2022-10-01 2023-09-30 05302520 bus:FullAccounts 2022-10-01 2023-09-30 05302520 2023-09-30 05302520 core:WithinOneYear 2023-09-30 05302520 core:ShareCapital 2023-09-30 05302520 core:SharePremium 2023-09-30 05302520 core:OtherReservesSubtotal 2023-09-30 05302520 core:RetainedEarningsAccumulatedLosses 2023-09-30 05302520 core:LandBuildings 2023-09-30 05302520 core:RevaluationReserve 2023-09-30 05302520 2022-09-30 05302520 core:LandBuildings 2022-09-30 05302520 core:RevaluationReserve 2022-09-30 iso4217:GBP xbrli:pure